Shale Oil Bonanza Reaches Australia With '$20 Trillion' Discoveryhttp://www.businessinsider.com/arckaringa-basin-shale-discovery-2013-1/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Thu, 22 Feb 2018 00:34:44 -0500Adam Taylorhttp://www.businessinsider.com/c/510210a769bedd217700005eNexus789Thu, 24 Jan 2013 23:57:11 -0500http://www.businessinsider.com/c/510210a769bedd217700005e
That is if their claims for the reserves they have are based in reality. I don't think anyone external to the Saudi oil industry has audited the reserves. I guess if production levels go into long term decline we will know.http://www.businessinsider.com/c/51020fdeeab8ead903000015Nexus789Thu, 24 Jan 2013 23:53:50 -0500http://www.businessinsider.com/c/51020fdeeab8ead903000015
The Russians consider the peak oil theory to be idiotic as they say deep oil is naturally renewable and mineral in origin. One way of making a killing is to create an artificial shortage to drive up the price. It is interesting to note that rather than review and challenge the Russia research papers Western interests have simply ignored them.
It has some merit as hydrocarbons occur naturally in the solar system and beyond. Obviously without the precursor of dead organic material. Apparently it rains hydrocarbons on Titan.http://www.businessinsider.com/c/5101335feab8ea491c000002newworldorderThu, 24 Jan 2013 08:13:03 -0500http://www.businessinsider.com/c/5101335feab8ea491c000002
Yes, "end-of-worlders" are always making this prophecy and in a technical era they use pseudo scientific terms to dress up ye olde ideology. If it were a less scientific era they would be having apocalyptic religious visions.
It is a form of acquired genetic vulnerability.http://www.businessinsider.com/c/5101100c6bb3f7d477000001ooohlalalarryThu, 24 Jan 2013 05:42:20 -0500http://www.businessinsider.com/c/5101100c6bb3f7d477000001
The global shale hype disappears as soon as oil drops below shale production cost ($65-$80/bl) so don't get too excited. As more and more supply comes online, prices drop, shale production stops, Saudi Arabia keeps making a killing.http://www.businessinsider.com/c/5100f225eab8eaf80d000003PaulNThu, 24 Jan 2013 03:34:45 -0500http://www.businessinsider.com/c/5100f225eab8eaf80d000003
This deposit is actually claimed to contain liquid oil that can be extracted by fracking. The video in the article linked to by BI - 'the herald sun reports' - clearly states this.
Depths of this oil is claimed to be upwards of 1 km to 2 km deep.http://www.businessinsider.com/c/5100ef54eab8ea9a06000004theyaregoingnutsThu, 24 Jan 2013 03:22:44 -0500http://www.businessinsider.com/c/5100ef54eab8ea9a06000004
This is driving the anti-fossil fuel cabal and Gaia cult members CRAZYYYYY.
Plenty of oil and gas.
"Peak oil" is nothing but a green dream
Decline in average global temperatures for past 13 years.
Main stream media no longer reliable and in declinehttp://www.businessinsider.com/c/5100ed65ecad043c42000041uknuckleheadThu, 24 Jan 2013 03:14:29 -0500http://www.businessinsider.com/c/5100ed65ecad043c42000041
Desalination is already being used -- -do some research before you post.http://www.businessinsider.com/c/5100eb0f69bedd652d000005ExplorerThu, 24 Jan 2013 03:04:31 -0500http://www.businessinsider.com/c/5100eb0f69bedd652d000005
This isn't liquid tight oil trapped in shale and released by fracking. The hydrocarbons are solid rock and require huge energy and water inputs to get barrels of oil to a refinery. While the remoteness is not prohibitive, the cost might be until there is some breakthrough in shale processing to turn the hydrocarbons to liquid refinable form.
Depending on the depths at which the shale is found, could open cut and transporting the shale be cheaper than processing at the site?http://www.businessinsider.com/c/5100e16269beddd30f000016PaulNThu, 24 Jan 2013 02:23:14 -0500http://www.businessinsider.com/c/5100e16269beddd30f000016
I think the Great Artesian Basin extends to this area (or near it). If it does then there is water available. The Olympic Dam mine (also in South Australia) uses millions of liters from the Great Artesian Basin each day. It has to pump it more than 100 km and then has to desalinate it for use, but it does get it. If they can't access the basin for some reason then the ocean is less than 1000 km away. If the economics added up and the shale reserves were (thought to be) large enough they'd transport water from the ocean.http://www.businessinsider.com/c/5100d081ecad04de14000013newworldorderThu, 24 Jan 2013 01:11:13 -0500http://www.businessinsider.com/c/5100d081ecad04de14000013
Main point: from a human point of view limitless energy is available in one form or another from a combination of sources. Canada is the same 100s of billions of barrels of oil.
All of the "end of the World- peak oil" cranks are busy reworking their sky is falling narratives.http://www.businessinsider.com/c/5100b7e469beddcc37000017Buster BunnsWed, 23 Jan 2013 23:26:12 -0500http://www.businessinsider.com/c/5100b7e469beddcc37000017
Coober Pedy has to be one of the hottest places on earth. Tough environment, but with that sort of bonanza, who cares.http://www.businessinsider.com/c/51009f7eecad049638000002Dr. MarioWed, 23 Jan 2013 21:42:06 -0500http://www.businessinsider.com/c/51009f7eecad049638000002
There are experimental techniques that don't use water. Ways will be found when there's that much money on the table.http://www.businessinsider.com/c/51008effeab8ea6f38000001km4Wed, 23 Jan 2013 20:31:43 -0500http://www.businessinsider.com/c/51008effeab8ea6f38000001
You need massive amounts of water to convert the potential shale oil reserves and Australia don't got it.
Tip: Do some smart research before you post !